Luxembourg posted a current account gap of EUR 725 million in the first quarter of 2019 compared to a EUR 2,369 million surplus in the corresponding period of the previous year. The services surplus rose to EUR 6,005 million from EUR 5,523 million a year earlier while the goods deficit narrowed to EUR 462 million from EUR 795 million. Meantime, the primary income deficit rose to EUR 4,760 million from EUR 2,255 million while the secondary income gap decreased to EUR 57 million from EUR 103 million in the same period a year ago. Current Account in Luxembourg averaged 629.86 EUR Million from 1995 until 2019, reaching an all time high of 3148.90 EUR Million in the third quarter of 2015 and a record low of -2073.70 EUR Million in the second quarter of 2015.

Current Account in Luxembourg is expected to be -400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at 1370.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1400.00 EUR Million in 2020, according to our econometric models.

Luxembourg Current Account
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-21 09:05 AM Current Account €-897.4M €2503.5M €-370M
2018-12-21 10:35 AM Current Account €1382M €-601M €2800M
2019-03-25 09:30 AM Current Account €-560M €1917M € 1500M
2019-06-21 09:50 AM Current Account €725.2M €-593M € -470M
2019-09-20 09:05 AM Current Account €725.2M € -400M
2019-12-20 11:00 AM Current Account

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.53 -0.61 -0.03 -1.06 EUR Billion [+]
Current Account 725.20 -593.00 3148.90 -2073.70 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.74 1.78 2.00 0.36 EUR Billion [+]
Exports 1.20 1.18 1.20 0.33 EUR Billion [+]
External Debt 3726940.03 3661925.78 3928297.76 678052.57 EUR Million [+]
Capital Flows 617.05 713.20 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.20 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -241212.20 -105595.60 306462.90 -241212.20 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Luxembourg Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Luxembourg Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Current Account - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
725.20 -593.00 3148.90 -2073.70 1995 - 2019 EUR Million Quarterly

Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 19.20 Apr/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 3913.80 Apr/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19